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EURUSD Technical Analysis - A Fakeout Could Lead to Massive Downside

The miss in the US CPI report last week triggered a heave US Dollar selling across the board. The market started to price out the more hawkish expectations and now sees the July hike as the last one for this cycle. Moreover, the resilient labour market and the rising consumer sentiment point to a soft-landing scenario where inflation comes down to target without affecting too much economic growth. In fact, even the US Retail Sales recently beat expectations on the Control Group, which is a bette... Read More

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Content Topics

Eurusd

Technical

Analysis

Fakeout

Could

Lead

Massive

Downside

Forex

Posted: Jul 20 2023, 10:31

Author Name: forexlive

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